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Ager Company uses the indirect method to prepore its statement of cash fows. Plesse refer to the following information for the yer 2014 Equipment costing
Ager Company uses the indirect method to prepore its statement of cash fows. Plesse refer to the following information for the yer 2014 Equipment costing $52,000 was purchased for cash Equipmant with a net assat value f $10,000 was sold for $14,000 Dapreation expense of S1 2,000 was reoordd ding the year During 2014, tha company repaid 540,000 af long-tarm notes payabla During 2014, tha company barrowed 534,000 on a naw noe payebla There were no stock reirements during the year Requirement A. U ng the indrect metod, prepare 5chedule for the opertng tstivities sector B. Using the indict matod, prepare schdule for tha iwasting activities section c. using the indict matod, prepare a schdue for tha finanong sector of the of statement of cash flow for December 2014 of the staterment of cash Sows for December 2014 statement of cash flows for December 2014
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